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(US based opinion)
Marriage / Divorce and children were horrible to my finances. Marriage is of little to no value here and mostly serves the woman as a means. Then you work hard and become boring and she runs off with a Chad or Tyrone and you flip the bill and lose over half your assets. Heck the court can make you pay her atty to sue you!
Don't get married, don't have kids. There is no need on this planet for more people and having kids is just a societal pressure. If you change your mind just pick any single mother with 3 kids from 5 different dads and pay her bills and trash your time off.
Be single, have wonderful girlfriends and when they stall out move on. Travel the world, scuba dive, fly airplanes, ride motorcycles and keep everything you worked for.
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Want to diversify, trade my silver for your BTC in the east bay area spot for spot at that time. I have 50oz to work with. I could possibly take ETH to if it works out.
I could possibly buy it for cash if the deal is right approx 1k dollars worth. Small potatoes I know.
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When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.
It's actually how to manage yourself. For some it's emotional, feeling and betting. Take a look around at all the post "wondering" what it's going to do and if they buy, sell or hold. Not having a plan is a plan to fail. Write it out, what are your goals and in what time frame. Clearly state what to to do at certain way points. Example: at 33% I am going to take profits down to my original investment. If it goes down below my blended cost average I will buy more in lump some or DCA. Follow that plan not your gut |
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I already had this discussion few days back where i expressed my doubts that Slayor (if) sell his BTC then what will happen.
he already did sell some.. for tax reasons imagine you held 700 coins(one stash of many stashes you own) at a $32k average from 2020-2022 then at the end of 2022 you sold 700 coin for $16k average meaning you put in $22,400,000 and took out $11,200,000 you can claim a loss of $11.2m to offset your company profits to pay less tax. file your taxes in days. and job done then within days buy 700 coin with that $11.2m(while market prices are in same region) meaning your not actually at a physical loss in anyway. but got to paper loss for tax claim so yes he will and has sold coin. the actual question is not if. but instead when and why i expect him to do the same next december or whenever there is a decent price correct(down to value) to declare a loss for tax claims No it's a real loss not an imaginary one. It's called tax harvesting. Sell your underperforming investments at the end of the year, but better ones in the new year. |
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OP, given the depth of your post you probably shouldn't be in this game.....
I suspect you are taking risk with money you shouldn't be.
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I don't really hodl but maintain a base, I buy/sell of equations not emotion or what I think will happen.
Arbitrary number: say I put 10k in and DCA 200 a month. My base grows by 200 a month. And I keep track of my blended price average. Say a year from now my base is 11,200 but my current sale price is 15, I am got to take that 3.8k and set it aside while continue to DCA. If it goes significantly below my blended average purchase price I will buy my avg down with the set aside cash.
I have zero issue with taking FOMO'rs money
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This soooo fuc*** up!
SO I BUST MY ASS, 100k in tools who is paying me back?
What about the people who diligently saved or took seconds out on homes to pay are they getting paid back?
Are they paying trade school loans..
Vote pandering commie bullshit
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Welp, It wasn't a hard conversion from the dollar, just set up alongside it. I don't think he was expecting fireworks it's going to take some time like 10 years. I wonder how the adoption of the process of sending money say from the us to relatives is going. I suspect it may be a challenge for those in the us to convert to BTC because of the banking system.
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Can you please help with any Altcoins that coins that someone can invest on in this particular time.
What timeline? Desired returns? Desired security? What usage? Are you comfortable with losing it? Why alt coins? Why not make BTC part of your IRA amongst other diversification? Can you stuff it in a 401K and borrow against it? What's in your playbook? |
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Investment and Altcoin should not be in the same room.
Eth would be the alt to btc...
Everything else is speculation at best.
Whatever you do DCA slowly into it. But be prepared to lose most your money.
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I don't think is exactly in BTC to control any market or take profits and run
If you listen to the man talk he wan't to increase the value of his company and protect it against the dollar. Additionally it allows investors to invest in BTC indirectly that wouldn't normally be allowed to hold it directly.
Smart man
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in the US
Every time I have opened a bank account it's had a POD component to the application. Figured it was baked in.
I leave everything to my mom in the event she has passed it all goes to charities I have already chosen.
I don't like my kids.
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radiation??? (facepalm)
asics do not produce radiation. its jsut the amount of electric flowing through metal circuits so fast it heats the metal.. the same as a coffee kettle or any electric heater operates..
its not radiation to worry about its if you heat water too much it boils and the heat can burn your skin. thats where you would need to have some thermometers and a flush system to pump in cold water into the bath to moderate the heat from the asic heating systems hot water.. much like most baths using a hot and cold tap
anything that produces heat also produces radiation. just because you can't see it doesn't mean it is not there. any heat source produces infrared radiation. This is the dumbest thing I have read today, hands down maybe the week. Infrared radiation? Do you you even know what that is Einstein? |
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Completely sealed is close minded.
My datacenter (not mining) consumed about 11Mw give or take 24/7/365.
Developed an outside air system that blended cooler outside air into the filtered intakes of the AC units and opened dampers for escape. If it was a bit humid outside the AC would take care of it. Considerable savings especially in the winter months.
Side note: People mentioning mixing cold air into the hotside before the AC is just plain dumb, don't do that.
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I don't tell anyone anything about my money, I drive an old truck and act cheap.
I've been married twice and those are the FIRST ones to screw you...
When I travel I have a great time, live awesome and just smile.
EDIT inspired by the poster below: Family, I had a girlfriend who figured out I had a stash. Suddenly she threw herself on hard times to be "saved". Being I am, I let her crash and burn and moved on.
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I think everyone hit all the points. Biggest on blood pressure, stroke, CHF... Maintain a healthy bodyweights contribute as well.
Never in my life seen a healthy person with a CPAP machine.
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Well if was a sport I would have been reigning world champ! Then I cut back to one drink but the problem was a finding a clean enough 5 gallon bucket to make it in.
I didn't start drinking until post divorce early thirties, just going out and something to do I guess. But it got bad a few times and had real it in.
Fast forward two year ago this month the woman I truly loved and cherrished ended herself. She got a bar back PT job and that was the beginning f the end. She had real problems with alcohol and her real mental issues. She had a lot of demons. Point is no really anymore, I've stared at a drink I bought then gave it to a friend, just don't love it like I used to.
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I think the way bitcoin has been maturing is good. Blackrock can add more of that, it really is going to depend how much contribution to the are going buy in with is important. BR has trillions it may be an issues for them simply buy enough bitcoin and not bake the market. They swing a big D*** and could easily generate a problem likke with Ginsler, suppress the price and buy in then "fix" the problem
ETF's let people include them in retirement accounts (401K) and such is kinda cool.
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Bitcoin is volatile duh I know. During a dip and you need some cap for something else, maybe a killer piece of property comes up but you upside down in BTC? No cash? No gold? Guess you can finance it until things turn around and assets you can borrow for. Holding BTC upside down in your company and a piece of heavy equipment comes up deeply discounted maybe auction now what? Sell at a loss to buy at a bargain is a wash.
Read everything you can from Ray Dalio especially his all weather fund.
You do you but I get concerned for others when they are "all in gotta get rich".. Ya you can, keeping it is a whole other game.
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Boooooooring, the old gold vs bitcoin drivel.
Let's get Schiff and Pomp on here why were at it.
You have a portfolio with hedges and diversity, they are not mutually exclusive but work well together inside a portfolio.
BTC is getting rowdy and will give it a haircut tomorrow to secure my gains. However I will continue to DCA into it.
Don't go myopic
what I'm saying is the fact that there is peoples who like gold,and peoples who like bitcoin or crypto, and it's not drivel. I think you should use at least a data, so we can have a good discussion here, and maybe it will be a quality discussion, so it could be helpful for other people. It is presented as BTC vs Gold, all or nothing. That is drivel. I literally explained that you can smartly use BOTH inside a portfolio. That is quality discussion. You are talking out both sides your mouth |
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